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Policies ent Attempt in Progress the beginning of last year (2021), Richter Condos installed...

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Accounting

Policies
ent Attempt in Progress
the beginning of last year (2021), Richter Condos installed a mechanized elevator for its tenants. The owner of the company, Da ichter, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He w npressed with the elevator's speed, comfort of ride, and cost efficiency. Upon returning from the exhibition, he asked his purchasi gent to collect price and operating cost data on the new elevator. In addition, he asked the company's accountant to provide him v ost data on the company's elevator. This information is presented below.
\table[[,Old Elevator,New Elevator],[Purchase price,$105,000,$161,000
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